onsider the following data on U$.$S$.$ GDP:

$\backslash$table$[[$Year$,\backslash$table$[[$Nominal GDP$],[($Billions of dollars$)]],\backslash$table$[[$GDP Deflator$],[($Base year $2012)]]],[2016,18,707,105\mathrm{.}93],[1996,8,073,73\mathrm{.}18]]$

e growth rate of nominal GDP between $1996$ and $2016$ was $,$ and the growth rate of the GDP deflator between $1996$ and $2016$ was

$-($Hint: The growth rate of a variable X over an N $-$year period is calculated as $100((\frac{x_{\text{t}\text{h}\text{a}\text{l}\text{l}}}{x_{\text{i}\text{n}\text{i}\text{t}\text{i}\text{a}\text{l}}}{)}^{(\frac{1}{N})}-1))$

easured in $2012$ prices, real GDP was $$ billion in $1996$ and $$ billion in $2016.($Note: Select the answers closest to the lues you compute.$)$

e growth rate of real GDP between $1996$ and $2016$ was $$

e growth rate of nominal GDP between $1996$ and $2016$ was $$ than the growth rate of real GDP$.$

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